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News
Head of S. Korea's fair trade watchdog to visit U.S. next week for conference
4+ day, 6+ hour ago (206+ words) SEOUL, Sept. 10 (Yonhap) -- The chairperson of South Korea's fair trade watchdog plans to visit the United States next week to take part in an antitrust policy conference, the agency said Thursday. Ju Byung-ghi, chairperson of the Fair Trade Commission (FTC),…...
U.S. pressing Seoul to expand investment beyond promised US$350 bln: lawmaker
6+ day, 2+ hour ago (219+ words) SEOUL, Sept. 8 (Yonhap) -- Washington is pressuring South Korea to commit more than the US$350 billion it initially agreed to invest in the United States as part of their bilateral tariff deal, a lawmaker said Tuesday, citing a report from the…...
S. Korea stresses growth, fiscal soundness during talks with Moody's
6+ day, 5+ hour ago (236+ words) SEJONG, Sept. 8 (Yonhap) -- The government briefed global credit appraiser Moody's Corp. on the latest developments in the South Korean economy and its efforts to pursue both growth and fiscal soundness through next year's budget proposal, the finance ministry said Tuesday....
Industry minister urges U.S. to ease tariffs on hard-to-source steel mill equipment
1+ week, 2+ day ago (433+ words) SEOUL, Sept. 5 (Yonhap) -- South Korea's industry minister urged the United States on Saturday to ease tariffs on equipment that Korean companies will need to import for a US$5.8 billion steel mill in Louisiana they are investing in. Industry Minister Kim…...
Chip tariff talks with U.S. based on understanding S. Korea won't be disadvantaged: Seoul official
1+ week, 3+ day ago (277+ words) WASHINGTON, Sep. 3 (Yonhap) -- South Korea's Industry Minister Kim Jung-kwan said Thursday that Seoul and Washington are continuing talks on U.S. semiconductor tariffs under the understanding that South Korea would not be put at a disadvantage compared with its competitors. Kim made…...
Cheong Wa Dae says no details finalized after Lutnick's remarks on 'targeted' chip tariff
1+ week, 4+ day ago (124+ words) SEOUL, Sept. 3 (Yonhap) -- No details have been finalized on any new U.S. tariffs on semic... SEOUL, Sept. 3 (Yonhap) -- No details have been finalized on any new U.S. tariffs on semiconductors, the presidential office here said Thursday, after the U.S. commerce secretary said a…...
Lutnick: Trump gov't considering 'targeted,' thoughtful' tariff policy for semiconductors
1+ week, 4+ day ago (393+ words) WASHINGTON, Sept. 2 (Yonhap) -- U.S. Commerce Secretary Howard Lutnick said Wednesday that President Donald Trump's administration is working to craft a "targeted" and "thoughtful" tariff policy for semiconductors, reiterating that companies that produce products in the United States would not pay duties....
(2nd LD) Consumer prices up 3.1 pct in Aug. on fuel, mobile subscription fees
1+ week, 5+ day ago (406+ words) SEJONG, Sept. 2 (Yonhap) -- South Korea's consumer prices moved up 3.1 percent in August from a year earlier as oil prices remained elevated, along with higher mobile service subscription charges due to a low base effect from large-scale discounts offered last year…...
Consumer price hike seen at 2.5 pct without mobile bills: finance ministry
1+ week, 5+ day ago (201+ words) SEJONG, Sept. 2 (Yonhap) -- South Korea's consumer price increase for August, which came to 3.1 percent, is estimated to have been around 2.5 percent when excluding a surge in mobile communication bills following a low base, a senior financial official said Wednesday. "In…...
Consumer prices up 3.1 pct in Aug. amid high oil prices
1+ week, 5+ day ago (100+ words) SEJONG, Sept. 2 (Yonhap) -- South Korea's consumer prices moved up 3.1 percent in August from a year earlier as oil prices remained elevated, data showed Wednesday. According to data from the Ministry of Data and Statistics, consumer price growth hovered above 3 percent…...